Allianz Global Assistance will now offer claims payments in real time to bank accounts through Mastercard debit cards. Using Mastercard Send™, Allianz can now pay customers within minutes of their claim being finalized.
This allows travelers to get access to their funds sooner, which may help them to pay travel expenses or replace lost or stolen items while they're still on their trip. Mastercard Send is a Push Payments service that facilitates the delivery of funds quickly and securely. These funds can then be used anywhere a debit card is accepted, including overseas.
In March, Allianz Global Assistance announced the ability to make claim payments directly to customer bank accounts. Those payments are routed through the banking system and usually arrive within about two days. Currently about one-third of Allianz Global Assistance customers are choosing the direct deposit payment option when they file their claim online.